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son4ous [18]
3 years ago
8

Which of the following is true of services?

Business
1 answer:
Ksju [112]3 years ago
8 0

Answer:

The correct answer is option C.

Explanation:

Services can be defined as those intangible and nonphysical products that are used to derive a certain level of satisfaction or utility.  

Services are different from goods in several ways. Firstly, unlike goods they are intangible. Secondly, they cannot be stored in inventories. Thirdly, they have to be consumed immediately as produced.  

The examples of services are insurance, haircut, medical care, etc.

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